Russian Economy General News: #2

Several countries have issued their assets in rubles. Accordingly, the ruble is becoming a reserve currency and a more modern sense - as the currency in which the assets are denominated in other countries ",

Russia brought the gay-hate down on itself with its absolutely unnecessary and laughable pointless law. Typical activism by our otherwise useless Duma. That bad PR was totally avoidable. But yeah bringing up gays on a completely unrelated article is annoying. You'd think Putin is involved in the personal affairs of every Russian and every detail of Russian life, and that gays are being crucified en masse on the sidewalks of Novii Arbat.

As for the legions of idiots, I have read and argued so many times on topics like "Russian tanks blow up unlike Western tanks!" or "teh F-16 was better than the MiG-29 always in BVR (yes, the ability it did not have for years)" that I automatically filter the BS. The internet is a chance for ignoramuses to spew self validating nonsense. It is a circle jerk of cluelessness.By this point I know what posters are interesting, otherwise I could care less what nonsense about the T-50 is posted on an Indian forum or what F-16.net thinks of the Su-34.

The masses are gonna be full of crap no matter what. On the other side of the coin I've heard so many dumb Russian jokes about Obama showing what a black president is like.....I wonder where the hell the country is going.

The most annoying thing that gives me the complete hopelessness for humanity and its future, is that people get evidences that Western medias lie right into their faces and they even admit it but are still stupid and stubborn enough to still follow the direction of their propaganda.

Conversations goes with lot of people like that.

"US told Iraq had WMD's to play american citizen for fools and justify an invasion and now they do that with Syria and Iran"

"I know.....but Assad is massmurdering his entire population, we still have to get in"

"Israel has illegal WMD's since decades but Iran has none reported by IAEA. So why invade Iran but not Israel?"

"Because they want to "Wipe Israel from the Map" that is what Achmadinajad said"

"That was an intented misstranslation to damage Iranians image and envile them as "Anti-semites""

Another discussion was with an american, the average and astounishing level of hypocrisy,stupidity and very nature of todays americans and their thaught "Exceptionalism".

So i asked a guy why is he voting for Obama, he replied that Romney was a warmonger. I said yes i know, but Obama is the same shit just in different wrap, so why you don't vote for someone like Ron Paul who tries to help US.

He answered "Ron Paul is to old and to "peaceful" Americans wouldn't feel anymore like americans and proud if we had him as president."

The very nature of americans and their thaughts about their own exceptionalism.

They never had a war, they have no idea what war is that is why even the average retard wants War.

The "free press" is a founding American myth. All press is someone's narrative and by definition not objective. In the case of the modern corporate media, there is at least a 60 year history of CIA and US government direct influence and management of US media dating back to the late 1940s. Every single major media source in America has some type of government "liason". The US government maintains offices devoted to informational warfare and propaganda. This is no secret. A modern evolution of this has been private contractors tasked with manipulating social media and acting as "cognitive intrusion agents" to influence public opinion. A US journalist faces decades in prison for investigating this fact:http://original.antiwar.com/justin/2014/02/04/free-barrett-brown/

The most annoying thing that gives me the complete hopelessness for humanity and its future, is that people get evidences that Western medias lie right into their faces and they even admit it but are still stupid and stubborn enough to still follow the direction of their propaganda.

Of course they choose to believe it... it is easier to think it is because the US invented everything is the reason the US is so wealthy. It is harder for them to think that perhaps their government is involved in wheeling and dealing or even murder to maintain Americas position in the world and would be happy to kill anyone that gets in the way of that.

Regarding the US free press... a short while back a respected journalist said something along the lines of "perhaps Israel is being a bit too heavy handed against the Arabs in Gaza... she lost her job... really... how free is the US press at all?

What sort of quality journalism is possible in such an environment?

_________________“The West won the world not by the superiority of its ideas or values or religion […] but rather by its superiority in applying organized violence. Westerners often forget this fact; non-Westerners never do.”

― Samuel P. Huntington, The Clash of Civilizations and the Remaking of World Order

^^ Thats good keep stocking Gold ....Russia should atleast have higher Gold Reserves than Germany , perhaps second only to US and China.

Now here is a warning from Obama on any body dealing with Iran

US warns businesses against operating in Iran ( RT )

The US will take on businesses that violate sanctions against Iran, said President Barack Obama at a joint news conference at the White House with French President Francois Hollande. "They do so at their own peril right now because we will come down on them like a ton of bricks with the sanctions we control,"he said. Obama added that France and other allies are committed to enforcing the current sanctions in order to stop Iran from expanding its nuclear program. In February Iran resumed talks with the UN nuclear watchdog in Tehran concerning its nuclear program and sanctions relief.

Austin wrote:I posted the news in civil aviation forum they are funding engine for Jet 2020 and Jet 2030 , so likely the engine will be part of Jet 2020 program.

China-Russia Wide Body is win win for both.

Agreed. Too bad India did not get involved first in one. China has been having trouble selling their aircrafts (including their Comac jets) and this would guarentee sale to both Russia and China (who both need a wide body jet) as well as cost Russia less for building a wide body jet alone.

India does not have any expertise in Civil Aircraft Development ..China does have significant capability there , Ofcourse when they build a wide body aircraft they can sell to India and other countries in the world.

NOVO OGAREVO, February 12. /ITAR-TASS/. President Vladimir Putin said hydrocarbons could no longer serve as a driving force of economic growth in Russia.

According to the Finance Ministry, oil and gas revenues account for almost 50% of budget income in Russia. Economists have been urging the Russian authorities over the past several years to reduce dependence on oil and gas export and increase the share of non-hydrocarbon revenues.

At a meeting with members of the government on Wednesday, February 12, Putin asked Minister of Economic Development Alexei Ulyukayev to report on the progress in preparing a long-term macroeconomic forecast, including reserves for economic development.

“We have discussed this many times, I mean the situation in the global and national economy, and there is no point in repeating our common opinion that although the previous sources of growth may not be completely exhausted, they certainly are not as effective as before,” Putin said. “We always expected growth and more growth, and higher and higher energy prices, which are staying at a relatively good level, but they can no longer produce the kind of growth we saw before.”

Central Bank Chair Elvira Nabiullina said in late January that “the previous economic model based on the constant growth of oil prices has exhausted itself, and a new economic model based on private investments in competitive industries should be put in place.”

“Oil revenues were invested in the economy, industry and construction. Oil prices are high now, but they do not grow all the time. Therefore the model should be changed,” Nabiullina said.

She believes that a new model should bring investments into competitive non-resource industries, she said, adding that “this money will start paying off in three to five years.” Until then, economic growth rates will stay low, she cautioned.

Putin asked Ulyukayev to present his vision of sources for economic growth and evaluate the work to draft measures to improve labor productivity and solve the problem of company towns and closed administrative-territorial entities. The president said the latter was a matter of special concern because of security restrictions.

According to preliminary projections made by the Ministry of Economic Development, Russia’s GDP in 2013 grew by 1.2% and is expected to grow by 2.5% this year. The federal budget deficit in 2013 was 310.52 billion rubles (0.5% of GDP) and is expected to be 0.6-0.7% of GDP in 2014.

According to customs statistics, in 2013 Russia's foreign trade remained at the level of 2012 and amounted to $ 844.2 billion, with non-CIS foreign trade turnover amounted to $ 729.4 billion, with the CIS countries - $ 114.8 billion

Russian exports in 2013 remained virtually the same as last year and formed a $ 526.4 billion in total exports to non-CIS countries in 2013 accounted for 86.0%, the share of CIS countries - 13.9%.

Russian imports in 2013 and remained at the level of indicators in 2012 and amounted to $ 317.8 billion in total imports to non-CIS countries in 2013 accounted for 87.0%, the share of CIS countries - 13.0%.MOSCOW, February 12. / ITAR-TASS /.

Economy February 14, 17:31 UTC+4MOSCOW, February 14. /ITAR-TASS/. Central Bank of Russia (CBR) reduced its estimate for Russia's GDP this year from 3% to 1.5-1.8%, CBR governor Elvira Nabiullina said on Friday.

Inflation is expected to stand at 5.8-6.1% year-on-year at the end of the first six months 2014 and to drop to 5 percent by year-end. According to Nabiullina, the ruble’s weakening in January and February had a moderate impact on inflation (0.5 p. p.) which risks increasing in the future.

Economy February 14, 17:31 UTC+4MOSCOW, February 14. /ITAR-TASS/. Central Bank of Russia (CBR) reduced its estimate for Russia's GDP this year from 3% to 1.5-1.8%, CBR governor Elvira Nabiullina said on Friday.

Inflation is expected to stand at 5.8-6.1% year-on-year at the end of the first six months 2014 and to drop to 5 percent by year-end. According to Nabiullina, the ruble’s weakening in January and February had a moderate impact on inflation (0.5 p. p.) which risks increasing in the future.

About 2% is what I expect myself and given that CBR prefer to slightly understate officially, this is what they expect as well. This would indicate a decent growth in the second half of the year of around 3%